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Designed to handle open payables and cash disbursements, this system allows users to enter, monitor and pay accounts payable transactions. A special feature is automatic general ledger distribution allocation. Cross-company vendors are supported. Features include:

  • Multiple company support
  • Multiple bank support
  • On-line entry and edit
  • Multiple account invoice distribution
  • Easy check reconciliation and balancing
  • Cash discounts
  • User-defined standard discounts
  • Automatic cash discount calculation and tracking
  • Partial pay support
  • Customizable General Ledger account numbers
  • Due date calculations
  • Extensive payment selection criteria
  • Multiple payment schedule
  • One-time vendor entries
  • Voucher support
  • Automatic general ledger entry for voids & reversals
  • Batch control on entry
  • System security
  • Pre-paid invoice support
  • Override standard general ledger numbers
  • Automatic remittance advice

Inquiries are provided for:

  • Current payable activity
  • Historical payable activity
  • Cross company payable activity
  • Check activity
  • Vendor Master file
  • Distribution activity

Extensive editing capability insures balanced activity for accounts payable and general ledger purposes, and offers a wide variety of reports including:

  • Master file lists
  • Cash requirements report
  • Automatic remittance advice (for check stub overflowL
  • Vendor analysis
  • Aged open payables
  • Accounts payable checks
  • Check register
  • Cash disbursements journal
  • Federal 1099’s

Other Applications

The following applications are designed to work hand-in-hand with IBS Accounts Payable:

"IBS Accounts Payable" is part of the Universal Business Solution line of products, developed by Innovative Business Systems.